"This decision has been taken after careful consideration by the board of directors, following numerous meetings over the last few days," the statement added.

"The board of directors wish to thank Mark for his commitment, hard work and dedication in his 10 months in charge.

"Mark has shown integrity and professionalism throughout his time."

The Hoops only managed to preserve their Premier League status on the final day of last season. After securing survival in May Hughes said: "There is no way we will be in this situation again in my time here."

But, despite a massive overhaul during the summer, the team have continued to struggle.

The arrivals at QPR have included keeper Julio Cesar, defender Jose Bosingwa, midfielders Esteban Granero, Park Ji-sung and Stephane Mbia, as well as strikers Djibril Cisse and Bobby Zamora.

But the poor form continued and Hughes, 49, led his side to just four points from their opening 12 games, including eight defeats.

Hughes: from striker to manager

Playing career takes in spells at Manchester United (twice), Barcelona, Bayern Munich, Chelsea, Everton, Blackburn, Southampton and Wales

Appointed Fulham boss in July 2010, leads them to eighth in Premier League

Announces resignation from Fulham in June 2011

Appointed QPR boss in January 2012

Sacked by QPR in November 2012

QPR record: played: 34, won: 8, drawn: 6, lost: 20

QPR chairman Tony Fernandes had continually backed Hughes but has finally run out of patience with the former Wales, Blackburn and Manchester City boss.

The Malaysian entrepreneur agreed after the Welshman

Former QPR winger Richard Langley, who spent eight years at the club across two spells, told BBC Radio 5 live's Victoria Derbyshire: "The frustration has been brewing, but the main thing is he has had such a talented squad but results have not been coming.

"It is difficult to understand why they have not won. But, for me, the most outstanding thing is that they have not been playing as a team. There seems to have been little fire from the manager."

Redknapp, refused to be drawn when asked on Saturday's edition of Match of the Day about the possibility of replacing Hughes.

The 65-year-old took over at Tottenham in October 2008 when, like QPR now, they were bottom of the Premier League.

He led them on their first Champions League campaign in 2010-11 and achieved a fourth-place finish in his final season in charge.

Redknapp returned to League One side Bournemouth, the team he managed for nine years from 1983 to 1992, in an advisory capacity in September but it is thought he is no longer at the club.